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Snezhnost [94]
3 years ago
10

What is the rate of return when 30 shares of Stock

Business
1 answer:
sattari [20]3 years ago
6 0

Answer:

-0.67%

Explanation:

We are told that 30 shares of Stock are purchased for $30/share..

This gives a total value of: 30 × 30 = $900.

Now,they are sold for $900 with a commission of $6. This means the final money getting to the seller is; 900 - 6 = $894.

Thus; rate of return percentage = (894 - 900)/894) × 100% = -0.67%

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